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Alset Capital (TSXV:KSUM) Cyclically Adjusted Price-to-FCF : (As of May. 28, 2024)


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What is Alset Capital Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Alset Capital Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Alset Capital's Cyclically Adjusted Price-to-FCF can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Alset Capital Cyclically Adjusted Price-to-FCF Chart

Alset Capital Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted Price-to-FCF
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Alset Capital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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Competitive Comparison of Alset Capital's Cyclically Adjusted Price-to-FCF

For the Software - Application subindustry, Alset Capital's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Alset Capital's Cyclically Adjusted Price-to-FCF Distribution in the Software Industry

For the Software industry and Technology sector, Alset Capital's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Alset Capital's Cyclically Adjusted Price-to-FCF falls into.



Alset Capital Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF.

Alset Capital's Cyclically Adjusted FCF per Share for the quarter that ended in Dec. 2023 is calculated as:

For example, Alset Capital's adjusted Free Cash Flow per Share data for the three months ended in Dec. 2023 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=-0.001/125.0724*125.0724
=-0.001

Current CPI (Dec. 2023) = 125.0724.

Alset Capital Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201403 -1.413 98.604 -1.792
201406 -0.153 99.473 -0.192
201409 -0.405 99.394 -0.510
201412 -1.284 98.367 -1.633
201503 -0.494 99.789 -0.619
201506 -0.246 100.500 -0.306
201509 -0.416 100.421 -0.518
201512 -0.712 99.947 -0.891
201603 -0.357 101.054 -0.442
201606 -0.299 102.002 -0.367
201609 -0.840 101.765 -1.032
201612 -1.391 101.449 -1.715
201703 -0.391 102.634 -0.476
201706 -0.840 103.029 -1.020
201709 -0.778 103.345 -0.942
201712 -0.818 103.345 -0.990
201803 -0.710 105.004 -0.846
201806 -1.291 105.557 -1.530
201809 -0.407 105.636 -0.482
201812 -0.052 105.399 -0.062
201903 -0.168 106.979 -0.196
201906 -0.024 107.690 -0.028
201909 -0.060 107.611 -0.070
201912 0.003 107.769 0.003
202003 0.008 107.927 0.009
202006 -0.004 108.401 -0.005
202009 -0.014 108.164 -0.016
202012 0.000 108.559 0.000
202103 0.000 110.298 0.000
202106 0.000 111.720 0.000
202109 0.000 112.905 0.000
202112 -0.017 113.774 -0.019
202203 -0.002 117.646 -0.002
202206 0.000 120.806 0.000
202209 0.000 120.648 0.000
202212 -0.002 120.964 -0.002
202303 -0.004 122.702 -0.004
202306 -0.001 124.203 -0.001
202309 0.000 125.230 0.000
202312 -0.001 125.072 -0.001

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Alset Capital  (TSXV:KSUM) Cyclically Adjusted Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Alset Capital Cyclically Adjusted Price-to-FCF Related Terms

Thank you for viewing the detailed overview of Alset Capital's Cyclically Adjusted Price-to-FCF provided by GuruFocus.com. Please click on the following links to see related term pages.


Alset Capital (TSXV:KSUM) Business Description

Industry
Traded in Other Exchanges
Address
1090 West Georgia Street, Suite 488, Vancouver, BC, CAN, V6E 3V7
Alset Capital Inc, formerly ProSmart Enterprises Inc is engaged in the business of investing in technology companies.

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